Active
2 Days on market
59 Joy Street Boston — Photo 1 of 4

59 Joy Street Boston — Photo 1 of 4

$1,449,000

59 Joy Street, Boston, MA 02114

Boston, MA 02114 — Beacon Hill

Investor Analysis

Beds

3

Baths

3

SqFt

1,704

Style

3 Family - 3 Units Up/Down

Built

1880

This offering presents a fully occupied three-family residential building in Boston's Beacon Hill neighborhood, consisting of three one-bedroom units with a clear value-add opportunity. One unit has been fully renovated and rents for $3,550 per month, while the two unrenovated units average approximately $2,500 per month. Because all three units share the same layout, the renovated unit shows what the others can achieve: renovating the remaining two could add roughly $1,050 per unit per month, or about $25,000 in annual gross rent. Meanwhile, the property generates in-place income from day one. The building is just steps from Cambridge Street and Massachusetts General Hospital, one of the region's largest employers, and a short walk to both the Red Line (Charles/MGH) and Green Line (Government Center) MBTA stations, giving residents easy access to downtown, Cambridge, and the greater Boston area. A deep employer base nearby, including MGH, the State House, Government Center, and the Financial District, supports consistent rental demand for one-bedroom units, and residents also have the shops, restaurants, and amenities of Charles Street and the West End close by. With stable occupancy, a proven value-add business plan with meaningful upside, this property is an attractive investment in one of Boston's most desirable and supply-constrained submarkets.

Key facts

It was listed on October 4, 2026. The annual property taxes are $21,855 (2026 tax year). It sits on a 0.02-acre lot.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$850/sqft
Local Avg (Boston)$680/sqft
25% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Boston, MA.

Property Details

Financials

Original Price$1,449,000
Annual Taxes$21,855

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms12
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionSee Remarks
RoofOther
FoundationOther
ZoningH-2-65

Property & Lot

Acres0.02
SqFt Lot720
Lot FeaturesOther

Geography

Questions about this home

When was 59 Joy Street, Boston listed?

59 Joy Street, Boston was listed on October 4, 2026.

Has the price of 59 Joy Street, Boston changed?

The price hasn't changed since it was listed at $1,449,000.

What are the property taxes for 59 Joy Street, Boston?

The annual property taxes for 59 Joy Street, Boston are $21,855 (2026 tax year).

How big is the lot at 59 Joy Street, Boston?

59 Joy Street, Boston sits on a 0.02-acre lot.

What is the status of 59 Joy Street, Boston?

59 Joy Street, Boston is actively listed for sale.

Population

14,418

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$132K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

77.9%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Suffolk County

2,337 housing units permitted in the last 12 months (+13% vs the prior 12 months) — 2,062 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Kevin Benzinger

Listing Office: Boston Realty Advisors

MLS® Number: 73586459